FRANKFURT- With Italy’s constitutional referendum and Austria’s presidential vote both potentially underlining growing anti-establishmentism, the European Central Bank is preparing to set to try to bring some calm to the mix.
LONDON- Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter.
LONDON- The Bank of England’s chief economist, Andrew Haldane, said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE’s recent shift to a neutral stance on what its next monetary policy move should be.
Business outlook on the economy turned less optimistic for fourth quarter 2016, with the overall confidence index (CI) declining to 39.8 percent compared to 45.4 percent in the Q3 2016 survey, data from the Bangko Sentral showed.
We are almost at the end of 2016 and a new year is fast approaching. As such, I thought that for my remarks this afternoon, it may be useful to look back at some highlights of 2016 and use those as points of reflection in looking at the future.
The Land Bank of the Philippines is on track to meet its full-year income target of P13.5 billion, on the back of steady growth for the first nine months of 2016. The Bank’s net income for the period stood at P10.3 billion, which exceeds by 2 percent its year-to-date target of P10.13 billion.
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